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Unlocking SME Finance in Argentina with Psychometrics
Klinger, Bailey; Castro, Lucio; Szenkman, Paula; … - Inter-American Development Bank - 2013
carried out a pilot test of an innovative psychometric tool aimed at evaluating credit risk among SME clients of Banco Ciudad … de Buenos Aires (BCBA), one of the top three public banks of Argentina. SME responses were compared to their historical … repayment records to determine if psychometric-based credit scoring models could help ameliorate the constraints to SME finance …
Persistent link: https://www.econbiz.de/10010655071
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Firm Size and Credit in Argentina
Auguste, Sebastian; Bebczuk, Ricardo N.; Sanchez, Gabriel - Inter-American Development Bank - 2013
The goal of this paper is to study the link between bank credit (and internal funding) and average firm size in Argentina. Besides the fact that economic growth tends to go hand in hand with larger firm size, the topic is of particular interest because of the severe credit crunch in Argentina in...
Persistent link: https://www.econbiz.de/10010636775
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Clasificación de los sistemas de garantía desde la experiencia latinoamericana
Pombo, Pablo; Molina, Horacio; Ramírez, Jesus N. - Inter-American Development Bank - 2013
Los sistemas de garantía son instrumentos que tratan de mitigar las disfunciones que genera la exigencia de garantías a los empresarios en las operaciones crediticias. En este trabajo se diagnostican los efectos no deseados que provocan las reglas internacionales en el acceso al financiamiento...
Persistent link: https://www.econbiz.de/10010654434
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Developing an Index of Liquidity-Risk Exposure: An Application to Latin American and Caribbean Banking Systems
Federico, Pablo - Inter-American Development Bank - 2012
After the 2007-2009 global financial crisis and previous financial crises in Latin America, the liquidity-risk exposure of banking systems is considered one of the most important vulnerabilities. At the same time, that exposure may also be the most mysterious of those vulnerabilities, as the...
Persistent link: https://www.econbiz.de/10010617887
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On Endogenous Risk, the Amplification Effects of Financial Systems and Macro Prudential Policies
Powell, Andrew; Majnoni, Giovanni - Inter-American Development Bank - 2011
The recent global financial crisis has put the spotlight on macro-prudential policies to protect firms and households from problems emanating from the financial sector. This paper proposes an analytical framework that combines exogenous and endogenous risks, the latter seen as stemming from...
Persistent link: https://www.econbiz.de/10009386053
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News Shocks and Asset Price Volatility in General Equilibrium
Rebucci, Alessandro; Matsumoto, Akito; Cova, Pietro; … - Inter-American Development Bank - 2011
This paper studies equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1998) shows, in a partial equilibrium present discounted value model, news about the future cash flow reduces asset price volatility. This paper shows that...
Persistent link: https://www.econbiz.de/10009386060
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China’s Emergence in the World Economy and Business Cycles in Latin America
Rebucci, Alessandro; Cesa-Bianchi, Ambrogio; Pesaran, … - Inter-American Development Bank - 2011
This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission of international business cycles to Latin America. Evidence based on a GVAR model for five large Latin American economies shows that the long-term impact of...
Persistent link: https://www.econbiz.de/10009386063
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Intensity-Based Permit Quotas and the Business Cycle: Does Flexibility Pay Off?
Kuuselaa, Olli-Pekka; Amacher, Gregory S.; Tsang, Kwok Ping - Inter-American Development Bank - 2013
Tradable permit markets for carbon dioxide (C02) emissions respond to short-run fluctuations in economic activity. To provide stability, both price and quantity interventions have been proposed. This paper focuses on the relative performance of fixed versus intensity allowances in the presence...
Persistent link: https://www.econbiz.de/10010721387
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Inflation Targeting in Colombia, 2002-2012
Urrutia, Miguel; Hamann, Franz; Hofstetter, Marc - Inter-American Development Bank - 2014
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10010750273
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The Impact of the Business Cycle on Elasticities of Tax Revenue in Latin America
Machado, Roberto; Zuloeta, José - Inter-American Development Bank - 2012
This paper estimates short-run and long-run elasticities of tax revenue with respect to GDP in eight Latin American countries using quarterly data. Taxes considered are corporate income tax (CIT), personal income tax (PIT), value-added tax (VAT), and overall taxes. Results indicate that long-run...
Persistent link: https://www.econbiz.de/10010653135